- The Median Fund
The Median Fund is a
private equity fund management company based inCape Town ,South Africa and focused exclusively on the development and growth of small businesses. Notable primarily because it offers private equity investments in small and medium sized enterprises and start-up companies, it effectively combines private equity investments with venture capital risk.Launched in October 2005 by CEO Joseph Stoltz, Median's first fund was the Izibulo [A Xhosa word meaning 'first born'] SME Fund - and comprised a small number of high-net-worth investors who were prepared to make their capital available to this untested investment model. Based on the performance of the initial investments made, these initial funders were bought out in early 2008 by Khula Enterprise Finance Ltd [A wholly owned subsidiary of the South African Government's Department of Trade and Industry] and Metropolitan Asset Managers [Metropolitan is the fourth largest listed life assurer in South Africa in terms of market capitalisation.] who together effectively doubled the size of the Fund.
Investee companies
The Fund has eight currently active investments. These range in size and scope from a small midwifery service to a major hydrocarbon absorbent production company with multi-national potential. The eight companies are: Sunsorb Absorbents [http://www.sunsorb.com] , Umzantsi Publishers [http://www.umzantsi.com] , Signature Golf Art [http://www.signaturegolfart.com] ,Sister Jenny's Pregnancy Centre [http://www.sisterjenny.co.za] , Aqua Paradise Fisheries, Black Knight Wine (www.garyplayerwine.com), MMX Art (www.2010artcollection.com) and Black Knight Publishing (www.playermagazine.com).
External links
* [http://www.medianfund.com Official site]
References
Wikimedia Foundation. 2010.
